'You're always taking a leap of faith with an investment, and most investors are more wrong than right.'
This story requires our BI Prime membership. To read the full article,Paul Murphy is a partner at VC fund Northzone in London. He worked at Microsoft during its $8.5 billion acquisition of Skype.
Paul Murphy, a partner at VC fund Northzone, has learned that risky tactics are often the best way to get a startup out of first gear. He worked on Microsoft's acquisition of Skype. So, at a bar in New York on a Friday night in 2013, Murphy, then at Betaworks, alongside Giphy's founders made a handshake agreement to fund the business based on a mutual belief and confidence in the company's plans. By Monday morning they had a team of five and the paperwork was signed in the following days.
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